Date:

April 2, 2007

Code: AD NOAT 07-039

To:

Financial Managers
Accounting Officers
Budget Officers

From:

George V. Ashkar
Senior Director, Controller
Financial Services, Accounting

Subject:

CSU, Channel Islands Site Authority -May 1, 2007 Lease Payment

Legal Posting FY2006-07
GAAP Posting FY2006-07
(When GAAP year = Legal year, no GAAP entry is needed)

Per the terms of the Ground and Facility Lease dated as of April 1, 2005 by and between The Board of Trustees of the California State University (CSU) and the California State University, Channel Islands Site Authority (Site Authority), the Site Authority authorize the transfer of $176,149.07 to the campus for the following:

The lease rental payment is for May 1, 2007.

We have requested a wire transfer from Chancellor Office’s Wells Fargo to CSUCI Bank of America (State Treasury Account) to process this transaction.

The campus journal entry to record Wells Fargo wire transfer for:

SCO Fund 0580-403 - 6850 - 1947 - 502 in the amount of $176,149.07 as follows:

SCO Fund 0948 in the amount $587.54 of as follows:

The Chancellor’s Office will be recording the total amount of $176,736.61 as follows:

If you have any questions, please contact Cindy Gong at (562) 951-4542 or via e-mail at cgong@calstate.edu.

GVA:CG:td AD NOAT 07-039